Akij Group

Akij Group
Type	Public
Industry	Cement; Ceramics; Jute; Pharmaceuticals; Textiles;
Founded	1950; 72 years ago
Founder	Sheikh Akijuddin
Headquarters	Dhaka, Bangladesh
Revenue	US$1.5 billion (2017)
Number of employees	30,000
Website	www.akij.net

Akij Group is one of the largest Bangladeshi industrial conglomerates.^[1] The industries under this conglomerate include textiles, tobacco, food & beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009,^[2]^[3] Akij Group paid 390 million euros in tax, making it the biggest local tax-payer, contributing two per cent to this nation's entire budget. Akij also provides services in healthcare, information and communication technology. Its turnover in 2009 was 89 billion Taka.^[4] In 2018, Akij sold their tobacco division to JTI for a sum of $1.47 billion.^[5] It was the biggest ever single foreign direct investment in Bangladesh.^[6]

History[]

Akij Group was established in the 1940s by industrialist Sheikh Akijuddin as a jute trading business, before moving into cigarettes and other areas of business.^[4]^[7]

Sister projects[]

In August 2018, Japan Tobacco acquires Akij's tobacco business for US$1.5 billion.^[8]^[9]

Akij Bakers Limited.
Akij Plastics Limited.
Akij Cables limited.
Abrar Tours and Travels
Ad-din Foundation
Akij Automotive Industry
Akij Biri Factory Ltd.^[10]
Akij Cement Company Ltd.^[11]
Akij Ceramics Company Ltd.
Akij Computer Ltd.
Akij Corporation Limited
Akij Food & Beverage Ltd.^[12]^[13]
Akij Foundation School & College^[14]
Akij Gas Company Ltd.
Akij Gas Station Ltd.
Akij Hotel and Resorts
Akij Institute of Technology
Akij Jute Mills Ltd.
Akij Match Factory Ltd.
Akij Motors
Akij Particle Board Mills Ltd.^[15]
Akij Pharmaceuticals Ltd.
Akij Printing & Packaging Ltd
Akij Real Estate Ltd.
Akij Securities Ltd.
Akij Textile Mills Ltd.
Akij Wildlife Farm Limited
Akij Zarda Factory Ltd.
Dhaka Tobacco Industries
S.A.F Industries Ltd.
Akij Foundation School and College (Uttara, Manikganj, and Mohammadpur)
Akij Rice Mill Industry
Akij Flour Mill Industry
Akij Ceramics Ltd.
Akij BIAX Films Limited.
Akij BAKERS Limited.
Blue Pill Limited
iBOS Limited
Akij Assets Ltd

References[]

^ Sajjadur Rahman (2009-06-24). "Akij Group to branch out into new avenues". The Daily Star. Retrieved 2016-10-29.
^ "Akij to invest Tk 1,500cr in three plants in its economic zone". The Daily Star. 2016-09-23. Retrieved 2016-10-29.
^ Sajjadur Rahman (2010-12-09). "Big players buy cargo ships". The Daily Star. Retrieved 2016-10-29.
^ ^a ^b Sajjadur Rahman (2010-12-19). "Akij goes green". The Daily Star.
^ "JTI group acquires tobacco business of Akij group in Bangladesh" (PDF).{{cite web}}: CS1 maint: url-status (link)
^ "Japan Tobacco closes $1.47b acquisition of Akij venture". The Daily Star. 2018-11-30. Retrieved 2020-07-01.
^ "Akij Gr set to overtake RAK Ceramics to become country's biggest tiles maker". The Financial Express. Dhaka. 2011-12-05.
^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-08-26.
^ Reuters Editorial. "Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5..." U.S. Retrieved 2018-08-26.
^ "Thousand bidi workers lose job as Akij factory closes suddenly". The Daily Star. 2016-04-04. Retrieved 2016-10-29.
^ "No fly-ash in Akij cement: Official". The Daily Star. 2013-10-10. Retrieved 2016-10-29.
^ "Akij celebrates Independence Day". The Daily Star. 2012-05-23.
^ Gazi Towhid Ahmed (2013-10-04). "Akij Food brings in German technology to produce juice". The Daily Star. Retrieved 2016-10-29.
^ "AFSC". Akij Foundation School & College. Archived from the original on 2020-04-17. Retrieved 2021-04-04.
^ "Akij secures $43m from HSBC to expand particle board business". The Daily Star. 2015-09-23. Retrieved 2016-10-29.

External links[]

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[1] Sajjadur Rahman (2009-06-24). "Akij Group to branch out into new avenues". The Daily Star. Retrieved 2016-10-29.

[2] "Akij to invest Tk 1,500cr in three plants in its economic zone". The Daily Star. 2016-09-23. Retrieved 2016-10-29.

[3] Sajjadur Rahman (2010-12-09). "Big players buy cargo ships". The Daily Star. Retrieved 2016-10-29.

[rahman-4] Sajjadur Rahman (2010-12-19). "Akij goes green". The Daily Star.

[5] "JTI group acquires tobacco business of Akij group in Bangladesh" (PDF).{{cite web}}: CS1 maint: url-status (link)

[6] "Japan Tobacco closes $1.47b acquisition of Akij venture". The Daily Star. 2018-11-30. Retrieved 2020-07-01.

[fe-7] "Akij Gr set to overtake RAK Ceramics to become country's biggest tiles maker". The Financial Express. Dhaka. 2011-12-05.

[8] "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-08-26.

[9] Reuters Editorial. "Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5..." U.S. Retrieved 2018-08-26.

[10] "Thousand bidi workers lose job as Akij factory closes suddenly". The Daily Star. 2016-04-04. Retrieved 2016-10-29.

[11] "No fly-ash in Akij cement: Official". The Daily Star. 2013-10-10. Retrieved 2016-10-29.

[12] "Akij celebrates Independence Day". The Daily Star. 2012-05-23.

[13] Gazi Towhid Ahmed (2013-10-04). "Akij Food brings in German technology to produce juice". The Daily Star. Retrieved 2016-10-29.

[14] "AFSC". Akij Foundation School & College. Archived from the original on 2020-04-17. Retrieved 2021-04-04.

[15] "Akij secures $43m from HSBC to expand particle board business". The Daily Star. 2015-09-23. Retrieved 2016-10-29.

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